The minimum motor insurance policy in Nigeria is the Third Party Motor Insurance. It is one of the compulsory insurance policies in Nigeria and the legal minimum level of motor insurance cover for any motor vehicle owner plying the Nigerian road is mandated to have.
The Third Party Insurance will cover loss or damage caused by your vehicle to the third party vehicles/ properties, third party bodily injury including medical expenses ( subject to the policy limit). A basic 3rd party motor insurance policy in Nigeria has a N3,000,000 ( Three million naira only) coverage limit and the premium is N15,000 ( Fifteen Thousand Naira only). To know more, please get started here and buy protection within 4 minutes.